BIOETHANOL MARKET ANALYSIS

Regional Analysis

Market Outlook

• North America holds dominant position in bioethanol markets, owing to favorable government and environmental regulations particularly in the U.S. Moreover, technological developments and swiftly emerging automotive industry is expected to fuel growth of the market over the forecast period.
• Latin America is expected to gain significant traction in bioethanol market, owing to high soil productivity in Brazil and Columbia. High production of sugarcane in Brazil is expected to increase the production of biofuel in this region.
• In Europe, EU aims to achieve 10% transport fuel derived from renewable sources such as bioethanol for every member country. Blending obligations of bioethanol with fossil fuels and growing demand for energy from European economies such as France, Germany, Sweden, Netherlands, Belgium and Spain are expected to increase adoption of bioethanol in Europe.
• Bioethanol market in Asia Pacific region is expected to grow at steady rate, owing to presence of large population and availability of fertile land in economies such as India, Thailand, and China. Moreover, India being an agricultural country is in is turn projected to contribute significantly towards growth of bioethanol market.